July 25 Friday – Franklin G. Whitmore wrote Sam that he was forwarding 50 blank royalties as requested. Royalties were payments to be made upon each machine’s sale, and therefore were in a superior position to stock. These were a form of investment in the Paige typesetter [MTNJ 3: 565n260].

Frederick J. Hall wrote to Sam that they’d been delayed on getting accounting for HF and LM and P&P sales because they had to go back to the old ledgers for these since there had been no separate accounting done since Dec. 31, 1885 [MTP]. Note: evidently these was requested by Sam.